Bharat Forge Q4 net profit increases threefold to Rs 299.5 crore

Auto components major Bharat Forge on Monday achieved a nearly threefold jump in its standalone net profit to Rs 299.5 crore for the March quarter. The company had reported a standalone net... Read more »

News18-Ipsos poll suggests 42-45 seats for BJP-Sena, while 4-6 seats for Congress-NCP in Lok Sabha elections

An exit poll on Sunday predicted that the BJP-Shiv Sena alliance could achieve a 42-45 seats out of the 48 seats in Maharashtra in the Lok Sabha elections 2019. The News18-Ipsos exit... Read more »

Exit Polls show NDA well ahead to form the next government

The exit polls are showing a clear majority for the incumbent government and that Narendra Modi led BJP government is going to have a second term. The majority of exit polls released after... Read more »

Niti Aayog provides a Rs 7,500-crore proposal for AI platform, research institutes

Niti Aayog has distributed a cabinet note to provide Rs 7,500 crore for the establishment of AIRAWAT, a cloud computing platform along with research institutes. This is part of the policy think... Read more »

ICEX to launch Black pepper contracts: Fast track growth post NMCE merger

Indian Commodity Exchange Limited (ICEX) has launched and revamped the black pepper futures contract on 20 May 2019. The change in the contract has been brought upon following extensive consultations with market... Read more »

SIDBI net up 28% to Rs 519.36 crore in FY19 fourth quarter

Small Industries Development Bank of India (SIDBI) on Thursday reported a 28.22 per cent increase in net profit at Rs 519.36 crore for the March quarter as against Rs 405.06 crore in... Read more »

Bank of India records Rs 252 cr Q4 profit as a result of reduction of bad loans

State-run Bank of India Thursday achieved a profit of Rs 251.79 crore for the fourth quarter ended March 2019 owing to reduction of bad loans. The bank had reported a net loss... Read more »

PNB Housing shares drops 5% after PNB cancels stake sale

Shares of PNB Housing Finance dropped over 5 percent on Friday after Punjab National Bank (PNB) has called off the deal to sell its stake in the company. PNB and Varde have... Read more »

Infosys to allocate 50 million shares as an incentive to employees

India’s second largest IT firm Infosys Thursday said its board has curated an ‘Expanded Stock Ownership Program 2019’ that proposes to allocate five crore shares to incentivise employees based on performance. In... Read more »

RBI asks NBFCs with assets size of over Rs 50 billion to appoint CRO

The Reserve Bank of India on Thursday asked NBFCs with asset size of over Rs 5,000 crore to appoint board-approved chief risk officer (CRO) with who is well qualified and must have... Read more »